St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-14
YESTERDAYS MARKET.
On the Chicago Board of Trade the Spec
ulation Was More Active, With
Stronger Tone.
The Influences Affecting the Dealings in
Wheat We're Reported Light Offer
ings and Dry Weather.
Fears of Manipulation Made Opera
tors Inclined to Act With
Some Caution.
Transactions in the Financial Cir
cles of Wall Street General
Quotations.
Special to the Globe .


CHICAGO, April ia very little rain goes
4 long way with wheat bear, and even q
realistic and substantial wettlug doesn't affect
bull much nowadays. kershaw Co. s dis
patches this morning said that the report from
the winter wheat belt said that the fields were
still hot and very dry. 1t was also promised
that the Price Current, of Cincinnati, which
lost some of its friends by leading them all
over, with disastrous consequences, to the
bear side of pork last winter, would show in
Its next issue that the winter wheat was in
really very bad way. The Illinois state re-
port, which predicted that the crop would not
be more than a three-quarters one, had not
much effect. Wheat, although erratic and
strong when every body thoughtit ought TO be
weak, did not attract as much attention as
some other things. The weather map this
morning showed enough good rainfals in
enough different places in the West to greatly
relieve, momentarily, the short sellers in the
wheat pit. There was
NEARLY AN INCH OF RAIN
1T Dodge, HAS, over an inch at Los Animas
and light rains at Ell Paso and at other sta
tionS in Texas and states where rain has been
badly needed. As the market has been so
largely Il weather one il was expected with
the dry weather panic Il little relieved that
the opening would be very weak, indeed, for
wheat. Ii was no such thing. There is
more fun to be poked at the May wheat deal.
There have been people in the pit and out of
it, people who have been short themselves,
and others who have not been directly inter-
eSted, who have never referred to the contin-
gency of Il great May corner without laugh
ing in their sleeves. The laughing is all
over. The seriousness dates from to-day.
With all the news beariSh; with the clique
houses taking no part on the bull side; with
kershaw Co.. Rosenfeld & Co. and Irwin,
Green II Co. even doing their best to keep
wheat down. the price advanced until May
sold at sac. The big shorts, who declare
they've got the wheat in the country 10 de-
liver, were up in the pit and looking on.
These same big shorts are now pretty certain
that the wheat back in the country will do
them no good.
THE ROUTINE REPORT.
CHICAGO. April l3,-The speculation in
wheat was more active to-day, and the tone
was stronger The influences affecting the
market were reported dry weather in the win
ter wheat sections, higher barometer on the
Pacific slope, ana very light offerings. Fears
OF manipulation made operators inclined to
trade cautiously and on limited scale. The
market opened 4 shade easier at So for
May and gradually fell off to S25sc. The Of
feriugs were light, however, and when
shorts attempted to cover it was discoV-
cred that there was very little grain on sale,
and the price gradually advanced to SIC, fell
OF to S35sc, rose to S+Ac, but eased Off q
shade at the close and finished for the day at
S31s@S4c. The export clearings from three
ports aggregate 245,000 bu. The receipts
were small, aggregating only 2Tl.000 bu., but
at twelve points against GOO Blu. yester-
day. The quantity of wheat on ocean passage
decreased 100000 blu. during the week. sThe
speculative offerings in corn were very large
early in the day, and the market was raided
down fl ON 3S1sc to 3S3sc for May, but re-
covered again, and closed for the day at last
nights figures. The receipts were small.
Oats tended down with corn, and closed a
shade tirmer than on yesterday. Mess pork
was unchanged. Lard declined Zoe per 100
lbs. early, but recovered portion at the
close. Short ribs broke Off 2092212c early in
the session, but recovered, and closed at me-
dunn figures.
THE Quotations.
The leading futures ranged as follows:
wheat-No., 2. April, opened at 1870. clos
ing at s914@7sIac: May, s25sc, closing at
,375@s+c: June sO1Gc, closing at size; July,
3414c. dosing at 343sc: May, $3.50, closing
at $3.50; June, 401sc, closing at 401s0404c:
July, 411bc, closing ut 415sc. Oats-No. 2
April, 24$% closing at 245sc;- May,2ec, closing
at 29ls@2s}4c; June, 293ac, closing at 1890;
July, 295sci closing at 29ssc. Mess pork, per
barrel-April. $50 IS, closing at S20.75; May,
ST., closing SCI; June, SCI, closing at SCI.
Lard, per 100 pounds-April, S7.35. closing
at S7.40; May, $40, closing at ST.45; June,
$3.50, closing at ST.55; July. s7.55, clos
May, Ss.221S, closing at IS 80, June. $3.50,
closing at Ss.42% July, SO 40, closing atSs. 52
Cash quotations were as follows: Flour
quiet and unchanged. Wheat-No. spring,
Ie1g@Sl7sc; No. spring, 71@7l1ac; No. 2 red,
sl7sc. Corn--No. ?. 34ss@377ac. Oats-No. 2,
24LG2Sc. Rye-No. 2, 55@551ac. Barley-No.
2, 5I4@52c. Flax Seed-No 1, S1.05A. Timo-
thy Seed-Prime, SITS. Mess pork. per Dbl,
S20.75. Lard, per 100 lbs, S7.45. Short ribs
sides, loose, SS.20@S.25; dry sailed shoulders,
boxed, Sc. lOG625; short clear sides. boxed,
sS.70GlS.15. Whisky, distillers' finished goods.
per gal Sis Receipts-Elour 80 600 bbls.
wheat, $4,000 bu: corn, $4,000 blu: oats,
$1,000 bu; barley, LOCO bu. Shipments
Flour, 1000 bbls; wheat 5000 blu; corn.
10000 Blu: oats, $4,000 bu: barley, 12.OOO bu
On the produce exchange to-day the butter
market was weak, with prices tending stead
lily downward; creamery, 2l%025c per b;
dairy, 211a@25c. Eggs, l20l215c.
R. M. NEWPORT g. SON,
Investment Bankers, f52,t53, f54 Drake Block.